Chinese President Xi Jinping appeared to back off the heated trade rhetoric over the past few months. In a speech drawing intense focus, Xi, while stating nothing that could be taken as definitive, pledged a “new phase of opening up”
April 10, 2018
Chinese President Xi Jinping pledged on Tuesday to further open China’s economy and cut tariffs this year, in a speech seen as an attempt to defuse an escalating trade dispute with the United States. The pound rose to a two-week
Investors have been pulling out of Russian assets, as latest events spell trouble for such equities. Stocks witnessed their biggest drop in four years after the United States imposed sanctions on Russian billionaires in connection to meddling in the 2016
Today’s action has prompted me to re-evaluate the Wave structure to accommodate the immense amount of correctiveness going on over the past three weeks.The decline from 2801.90 to 2553.80 took exactly 14 market days, while the rally to today’s high
“The future is never clear, and you pay a very high price in the stock market for a cheery consensus. Uncertainty is the friend of the buyer of long-term values.” — Warren Buffett During the season opening baseball game for the
Honeywell International (HON) produces avionics equipment, small jet engines, industrial materials, climate control systems and automotive products. It has also increased its dividend for nearly a decade. Honeywell will join the list of Dividend Achievers with just a few more
As I watch Mark Zuckerberg testify in Congress today, I’m reminded of the article I wrote on the subject two weeks ago. At the time, shares of Facebook (Nasdaq: FB) were dropping fast. Since then, we’ve had plenty of ink spilled
Today was the long awaited testimony of the Facebook CEO Mark Zuckerberg before the Congress. I have to say it was tedious for the most part, and rather embarrassing here and there. I had to turn it off to watch old
The last two days have seen WTI/RBOB prices soar (as trade-war fears ebb and Saudi hopes for higher prices) but they gave a little back after API reported a surprise crude build and notable Gasoline build. API Crude +1.758mm(-1.25mm exp) Cushing
Today’s comments from China president, Xi Jinping that China was willing to open its markets, soon lent equities a helping hand. From a lower core opening, it was not long before all started to move from strength to strength. Shanghai
